BetMGM raises 2025 revenue guidance to $2.75bn after Q3 growth
BetMGM reported Q3 2025 net revenue of $667m, up 23% year on year, and EBITDA of $41m, an improvement of $57m from a year-earlier loss. The company raised its 2025 guidance to $2.75bn in net revenue and $200m in EBITDA, and said it expects to end the year with about $100m in unrestricted cash after a planned $200m distribution to its parent companies.
Higher guidance and a planned parent-company distribution inform MGM Resorts and Entain’s expectations for BetMGM’s results and cash returns.